Consumer Confidence Suffers Steepest Fall Since Mini Budget

Consumer confidence in jobs security and income growth prospects saw its biggest fall since Q3 2022, dropping by 2.6 percentage points from Q1 to 10.4% in Q2 this year, according to Deloitte’s Consumer Confidence Index. Deloitte consumer insight lead Celine Fenech said:

“Concerns of a slowing labour market have left consumers worried about job security and income growth prospects, while persistent inflation and a high cost of living have negatively impacted sentiment towards personal debt.”